Saab gets ready to run itself
 
Sources say parent GM wants to give Swedish carmaker control of its own finances
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John Revill
Automotive News
January 19, 2009 – 12:01 am ET

General Motors is preparing to turn its Saab subsidiary into a separate business, a move that will make the struggling brand more attractive to potential buyers.
"Saab has [...]

Luca Ciferri
Automotive News | January 19, 2009 – 11:27 am EST
 
Fiat, Chrysler in partnership talks
 
Source: Fiat would get 30-35% stake
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ENLARGE

 
TURIN, Italy — Fiat Group is negotiating with Chrysler LLC to form a strategic partnership that could include a Fiat equity stake [...]

Monday, January 19, 2009
Gettelfinger: Deadline for GM, Chrysler restructuring plans may be unattainable
David Shepardson / Detroit News Washington Bureau
WASHINGTON — United Auto Workers President Ron Gettelfinger said Monday that a Feb. 17 deadline for General Motors Corp. and Chrysler LLC to complete restructuring plans may be "unattainable."
Last month, the U.S. Treasury Department agreed to loan [...]

‘Buy American’ support builds as sales fall

BY JOHN GALLAGHER
FREE PRESS BUSINESS WRITER
Driving in suburban Detroit a few months back, Tracy Miller, the daughter and granddaughter of autoworkers for domestic companies, grew increasingly angry at all the foreign cars she saw on the road.
On impulse, she took a tablet of paper and scribbled "Buy American [...]

Sold! GM heritage cars

By MARK VAUGHN

The 2000 Buick Custom Blackhawk
Barrett-Jackson

GM heritage sold! Anyone with a paddle could have bid on a small piece of General Motors heritage last week at the Barrett-Jackson collector car auction in Scottsdale, Ariz. More than 200 cars from GM’s Heritage Fleet went on the block in what GM called normal [...]

Mazda to cut pay for white-collar workers
 
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January 19, 2009 – 4:15 am ET

 
TOKYO (Reuters) — Mazda Motor Corp. said today it would cut salaries for white-collar workers in Japan to reduce costs amid a slide in global car sales.
Directors will return 20 percent of their pay retroactively from December, while middle-managers will have their salaries [...]